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developments planned or under construction for condos in south florida. >> even with all that overhang and in 2007 there were 35,000 unsold developer units in the downtown area alone. >> so markets can work. >> that's the great thing. >> the free market worked very well. >> let me ask you one more thing. tell me about pricing. i want both of you to tell me about pricing because some of the numbers are interesting and prices are up and in some of these report, 8%, 12% from a year ago, but still, a continue% move is a 10% move. are you seeing that in south florida? >> in south florida, condos went up 28% from a year ago and we're seeing that in washington, d.c., and the markets are strong and it's another market we're operating in and what we're having difficulty with is las vegas and the major market for the company and las vegas is having a lot of difficulty. >> you're national and international, what's the hottest place right now? >> i think new york, as always, miami, very hot. >> i agree with don. miami is so hot and buildings like the one he built is amazing. >> are these people co
the fiscal cliff. we have two guest hosts, george p. bush, son of former florida governor jeb bush, founding partner of st. augustine partners and jared bernstein, former chief economist to vice president biden, also a cnbc contributor and welcome to both of you. great to have you both here today. >> thank you. >> good to be here. >> we've been talking seriously about trying to tackle the fiscal cliff, it's a looming problem. you've seen the market's activity over the last week or so, and first of all i have to ask each of you, do you think we'll go over the fiscal cliff? george we haven't gotten to talk to you for a while. >> i have a bullish sentiment, i look at the rhetoric from speaker boehner late last week and the president's remarks indicate there's wiggle room in terms of a trade that can be made between meaningful entitlement reform and revenue generation. the crux of the issue will lie in terms of where the revenue will be generated, whether it will be in tax increases but this is the first part of the negotiati negotiation, as in any business deal there is posturing but i feel a d
latino areas that did not get polled including florida and just saying one party figured it out. the other party didn't. >> if you look at individual stocks and sectors, yesterday you got at the point where you go by sector and not risk on, risk off broader mark. we see that here. financials are seeing softness in pre-market. coal stocks seeing softness. there is a notion that now there will be more reimbursement for patients who previously couldn't pay for their care and so that will be a huge tail wind for these stocks which goes to buy from neutral this morning. >> a couple guys piled on hca. i do feel that you're supposed to sell the medical devices because there's a tax on them. things are playing out the way we would expect. i do think that the market is not understanding the power of what bernanke is doing in housing because you would get the firing of bernanke very quickly, okay, and you're not going to get that now. he's obviously contributed. the rates are down any way. i just think that if you bought bank of america because you thought romney was going to win and that
're going to ring the register. the fiscal cliff says you should. darn it all. how about andrew in florida, please? andrew. >> caller: professor cramer, got a ba-ba-ba-boo-yah from south floor floor. i'm talking about michael kors, sticker kors. yesterday in my opinion they delivered stellar earnings. the company absolutely crushed expectations and dropped my jaw. and i'm asking you, do you think that kors will continue to advance and be one of the few luxury brands to be invested heading into the holiday season? >> all right. this is, again -- i know this is heretical to those of us who do a lot of work -- i'm sitting there last night. okay? i got no teams to root. i've got nothing on whatsoever. and here i am. so i said i'm going to go read the kors conference call. every page is better than the past. every page looks great. it's like a really great episode of some tv show you like. but you know what? it sells at a gazillion times earnings and everyone's got a profit in it. so people are taking profits. you have to wait until next year. unless we resolve the cliff beforehand. it's the "m
a -- >> sorry to interrupt you. that's our first opportunity to see mr. martoma who has been living in florida of course as we know as he enters the court. continue, judge. >> the government will put together matching phone calls to particular trades and also look at speed of which trades take place and when they take place that will be part of the circumstantial evidence that will be used to ask the jury to infer that the defendant, mr. martoma, and others were acting with criminal intent. >> we had you on to talk about the gupta trial and now this one. we'll come back time and time again. is the hurdle for either side significantly higher or lower than in the case like gupta? >> in this case, in mr. mart yo appear there are any recordings. it will be a different play. >> just finally, judge, what is now the landscape of federal investigations into the financial services industry? what does this case tell us about where we are now? >> well, it underscores how broad the investigation is and some indication of how broad the problem might be. it's a whole different sphere, if you will, it's no l
florida? jeff? >> caller: hey, jim. i saw facebook was up today, but knowing that the new ad blocker app has been released for android devices, how is that going to effect the company? >> it's going to be okay. facebook has the sponsored story thing. really good piece by sanford bernstein today about facebook. that guy hated it when it was right to hate it. he told you to stop hating it at the bottom. tells you to buy it below here. he's my guy. i believe in facebook at these levels. my kids were on facebook a lot this weekend. okay. how about joe in mississippi? joe? >> caller: hello, jim, how you doing? >> hey, doing pretty well. how about you? >> caller: good. okay. mmr, had a rough day today. down 22.5%. >> this one is too hard. it is just entirely a speck play on this davy jones locker, davy jones, well, i'd rather, you know -- sleepy dreams. show what i mean here. no. mmr, hold it until it goes back over 10 then sell it. i think i'm done waiting for mmr to go to 25. i need bob in massachusetts, please. bob? no doubt a patriot fan. bob? >> caller: yes, i am. and mr. cramer, a big ho
swamped. >> you remember hurricane andrew which flattened homestead down in florida. there were parts of new jersey and long island that look like that. >> not nearly the size -- houses down there were $150,000 a piece. the homes that were destroyed up here were millions of dollars a piece. >> that's what i'm saying. it's much more money. >> the other difference is in new york there's not a lot of moral hazard that you worry about in the sense of people weren't building homes in the wrong places. >> a terrific comment. there had not been a storm there in decades and decades and decades. it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you, it's our living in sin that
-47. look at the state of florida. one that mitt romney is counting on as a lynchpin of the base. 29 electoral votes. president obama up among likely voters 49-47. in ohio, the state most look at as the potential tipping point. president obama has a six-point lead. he's gone hard on the auto bailout and hitting mitt romney. that's a point of contention. because ohio has been such a tough nut for the romney campaign to crack, that's a reason they are making a late play into pennsylvania. it depends on turnout organization, especially the composition of the electorate. what portion of white voters versus hispanics. definitely a lower level of intensity and young people. barack obama dominates among young people. mitt romney among seniors who are more motivated to vote. how much will that carry the day? we'll find out tomorrow. >> if you're looking for an early tell tomorrow, if you could only look at one state early on, virginia. if it's decisive either way does that suggest the rest of the night collapses in that direction? >> almost in any of the battleground states other than ohio w
-- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do it up. >> the journal takes a crack at icahn versus hastings today as we keep an eye on take two where the action is getting hotter for carl. >> a blog post yesterday that they hired some time ago. listen, carl, i can tell you what i know. carl's calling people trying to get meetings with potential buyers for netflix. i spoke to people that will probably meet with carl. they have very little if no interest in actually buying it but everyone will go see carl because it's nothing if not entertaining. maybe you have a couple martinis, you relax, you talk, you get to heardom on things. we'll see wha
whether on the gulf coast, florida and unfortunately in the metropolitan area in new york. the supply siders are doing everything they know how to do. so you broaden utility crews from across the country, trying to get electricity restored, the oil companies are doing everything they can do within the limits of safety, and regulation to get supply out to the public. we also have to do something different on the demand management side. what's happening is that the demand side is descending into chaos and you see it in the gas lines. this could get to gunfire if it continues in the way it's going now. my recommendation is for the governors of new jersey, new york and connecticut, come together, go to an odd/even rationing plan, cut the demand in half every day by going to odd/even rationing. >> based on your driver's license or based on the -- >> based on the license plate. >> like we did back in the '70s. >> exactly. so you've cut the demand in half by definition of what numbers on your car license plate. take care of the service providers, taxi cabs, i will mow drivers, other service
into florida or maybe even new york was starting to move crude oil up to the refineries on the east coast. >> now, you were part of the rescue effort with sandy in terms of bringing some fuel into the region. >> no, we actually are in the emergency response business. we have a group that prepares and trains people for emergencies, supervises debris removal, assists state and local governments with recovering money from fema. >> i didn't realize that. and how then do you judge -- we're looking at this article this morning in terms of what was going on long island power, for example. what kind of grade to you give the utilities in this situation? >> hard for me to grade them, i think the public and their constituency is not giving them a good grade at the moment. >> did you train these people? >> we did not train those people. >> if you could -- if we could redo sandy, let's hope we don't ever have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day befo
Search Results 0 to 10 of about 11